Inter RAO UES and Georgia signed a memorandum implying reduction in electricity prices

2012-12-28 11:53

Chairman of the Board of the JSC Inter RAO UES Boris Kovalchuk and the Prime Minister of Georgia Bidzina Ivanishvili have signed a memorandum valid until March 31, 2013, on cooperation in the power sector, the Oil of Russia reports.

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The document provides for the reduction of the tariff for electricity supplied by the JSC "Telasi" (a subsidiary of the Inter RAO) to the population, at 3.54 GEL (including VAT) for kW/h for the groups of consumers with consumption not exceeding 301 kW/h per month. The document notes that the changes to the current consumer tariffs of the JSC "Telasi" are interim and temporary in nature and aimed at developing coordinated tariff policy of the "Telasi" in the period till March 31, 2013.

The parties have also agreed to sign a long memorandum - on the development of cooperation until 2025 - in the 1st quarter of 2013.

Recall, recently it was reported that the electricity prices in Georgia decrease starting from the 1st of January 2013, for averagely 24.5%. Georgian Minister of Energy and Natural Resources Kakha Kaladaze announced this.

He explained that the principle of differentiated payment for electricity has remained, but for those who consume per month up to 100 kW/h, the rate reduces by 27%, and for those who consume up to 300 kW/h - by 21.5%. For other categories of consumers, that is, for those who consume more than 300 kW/h per month, the rate remains unchanged.